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HRA Res 2016-03 Modifying Redev Plan HRA RESOLUTION NO. 2016 – 03 A RESOLUTION MODIFYING THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 TO REFLECT ENLARGEMENT OF REDEVELOPMENT PROJECT NO. 1 BE IT RESOLVED by the Board of Commissioners (the “Commissioners”) of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the “Authority”) as follows: Section 1. Recitals. 1.01 It has been proposed that the Authority modify, approve, and adopt a Modified Redevelopment Plan relating to Redevelopment Project No. 1 to reflect enlargement of the project area, pursuant to an in accordance with Minnesota Statutes, Sections 469.001 to 469.047, inclusive, as amended and supplemented from time to time. 1.02 The Authority has investigated the facts and has caused to be prepared with respect thereto, a Modified Redevelopment Plan for Redevelopment Project No. 1 to reflect enlargement of the project area. 1.03 The Authority has performed all actions required by law to be performed prior to the modification, approval, and adoption of the Modified Redevelopment Plan. 1.04 The Authority hereby determines that it is necessary and in the best interests of the City and the Authority at this time to modify, approve, and adopt the Modified Redevelopment Plan to reflect enlargement of the project area. Section 2. Findings. 2.01 The Authority hereby finds that the assistance to be provided through the adoption and implementation of the Modified Redevelopment Plan is necessary to assure the development and redevelopment of Redevelopment Project No. 1. 2.02 The Authority hereby finds that the Modified Redevelopment Plan conforms to the general plan for the development and redevelopment of the City as a whole in that they are consistent with the City’s comprehensive plan. 2.03 The Authority hereby finds that the Modified Redevelopment Plan affords maximum opportunity consistent with the sound needs of the City as a whole for the development and redevelopment of Redevelopment Project No. 1 by private enterprise, and it is contemplated that the development and redevelopment thereof will be carried out pursuant to contracts with private developers. Section 3. Modifications, Approval, and Adoption of Modified Redevelopment Plan. 3.01 The modifications to the Modified Redevelopment Plan for Redevelopment Project No. 1 reflecting enlargement of the project area are hereby approved and adopted by the Commissioners of the Authority and are forwarded to the Fridley City Council for public hearing, review and approval. Section 4. Filing of Plans. 4.01 Upon approval and adoption of the Modified Redevelopment Plan, the Authority shall cause said Plans to be filed with the Commissioner of Revenue. PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT TH AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 7 DAY OF JANUARY, 2016. _____________________________________ Lawrence R. Commers, Chairperson ATTEST: _________________________________ Wally Wysopal, Executive Director